By 2022, 53%—more than half of all U.S counties—drew at least a quarter of their income from government aid.
$200 Room Rates
In 2019, 13% of reporting hotels in the top 25 U.S. markets charged an average daily rate of at least $200, in 2024, that figure is just over 20%.
Money Market Income
Income generated from money markets surged to more than $27 billion in August, a record on an inflation-adjusted basis going back to 1990.
Food Wage Inflation
The gap between food-price and wage inflation between the end of 2019 and the second quarter of this year was roughly four percentage points.
CRE Foreclosures
The value of commercial real-estate loans in foreclosure nearly tripled between January and August this year to reach $19.2 billion.
Private Credit
Apollo Global Management Inc. clinched $5 billion in fresh firepower from BNP Paribas SA as it looks to grow its private lending business.
Fed Concensus
Powell has prioritized consensus building, reflected in a string of 17 meetings with no dissenting votes. That came to an end on Wednesday as some of Powell’s colleagues had implied they were more comfortable leading off with a smaller cut.
Return To Office
Only 7% of large tech companies require employees to be in the office five days a week, compared with 33% for all U.S. companies.
Wealthy Renters
Between 2018 and 2022, the share of households with annual incomes of more than $750,000 that rented rose to 10.5%, the highest level since the survey began in the mid-2000s. It was 8.4% in the previous five-year period.
Rate Cut Odds
On Monday, derivatives markets showed investors saw a 65% chance of a half-point cut. That’s up from 50-50 odds on Friday.